13 Best Electric Utility Stocks to Buy According to Analysts

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7. Avista Corporation (NYSE:AVA)

Average Upside Potential: ~15.3%

Number of Hedge Fund Holders: 27

Avista Corporation (NYSE:AVA) is one of the Best Electric Utility Stocks to Buy According to Analysts.  On August 29, the company made an annual rate adjustment filings with the Washington Utilities and Transportation Commission that, if approved, will lead to an overall decrease in natural gas rates of 8.6% and an overall increase in electric rates of 1.7%. Notably, 5 electric adjustments were filed, which, if approved, are designed to change overall electric revenues.

Avista Corporation (NYSE:AVA) announced results for 3 months ended June 30, 2025 (Q2 2025) and on a YTD basis. Its electric utility margin rose because of the effects of its general rate cases, customer growth, and non-decoupled load growth. The company had a $9 million pre-tax expense under the Energy Recovery Mechanism (ERM) in H1 2025 as compared to $5 million pre-tax expense in H1 2024. Avista Corporation (NYSE:AVA) expects Avista Utilities to contribute towards the upper end of a range of $2.43 – $2.61 per diluted share in 2025. This is because of healthy performance, cost management, and constructive regulatory outcomes.

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